Question

The managers also wonder about the proportion of transactions in which the category was office supplies. In the past, the proportion was 0.556, but the managers believe that it has increased. Use the appropriate hypothesis test to determine if there is sufficient evidence in the data at the 10% level of signficance to support the managers' belief. Put your hypotheses in cells B6 and C6 of the Answer Summary Sheet. Put your p-value in cell D6. In cell E6 of the Answer Summary Sheet, state whether you reject or don’t reject the null hypothesis. In cell F6, state what you conclude about the proportion of transactions in which the category is office supplies.

Name: the managers also wonder about the proportion of transactions in which the category was office supplies in the past the proportion was 0556 but the managers believe that it has increased use 49697
Uploaded: 2024-02-11T04:33:52-08:00
Duration: 1 min 21 s
Channel: Kari Hasz
Description: the managers also wonder about the proportion of transactions in which the category was office supplies in the past the proportion was 0556 but the managers believe that it has increased use 49697

          The managers also wonder about the proportion of transactions in which the category was office supplies. In the past, the proportion was 0.556, but the managers believe that it has increased. Use the appropriate hypothesis test to determine if there is sufficient evidence in the data at the 10% level of signficance to support the managers' belief.   Put your hypotheses in cells B6 and C6 of the Answer Summary Sheet.  Put your p-value in cell D6.  In cell E6 of the Answer Summary Sheet, state whether you reject or don’t reject the null hypothesis.   In cell F6, state what you conclude about the proportion of transactions in which the category is office supplies.

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